BTC Bitcoin and the Altcoin Season ThesisThe recent developments in the cryptocurrency market, particularly the favorable court ruling for Ripple Labs, signal an optimistic start to a new altcoin season.
With the federal judge ruling that some of Ripple's sales of the XRP token do not fully meet the definition of a securities offering, it instills confidence in the altcoin space.
This ruling brings clarity to the regulatory landscape and alleviates concerns surrounding XRP, leading to major cryptocurrency exchanges, including Coinbase, relisting the token. The reintroduction of XRP to these platforms demonstrates growing acceptance and renewed interest in this altcoin.
The anticipation surrounding the approval of a spot bitcoin ETF in the United States adds to the positive sentiment in the market.
The successful launch of a previously approved ETF in Europe further reinforces the upward trend for altcoins.
The recent court ruling that declared XRP as not a security sets a precedent that could potentially benefit other cryptocurrencies currently classified as securities by the SEC. In the SEC's case against Binance, they designated 10 cryptocurrencies, including BNB, BUSD, SOL, ADA, MATIC, ATOM, SAND, MANA, AXS, and COTI, as securities.
Additionally, in the SEC's lawsuit against Coinbase, they named 13 cryptocurrencies, reinforcing their stance on SOL, ADA, MATIC, SAND, and AXS, and adding CHZ, FLOW, ICP, NEAR, VGX, and NEXO to the list.
This development showcases the increasing institutional acceptance of cryptocurrencies and creates a ripple effect across the market, providing a boost for various cryptos, including BTC Bitcoin, for which my price target is $37360.
Looking forward to read your opinion about it!
Bitcoinlong
BTC - THIS Last happened in 2019 📈Hi Traders, Investors and Speculators of Charts📈📉
As you know, we're trading in the opening moments of a new bullish cycle.
A quick look at the BTC chart from short term and macro term perspective. In the 4h we see a flag pattern, and in the weekly chart we see a significant event that last happened in June 2019, which was the opening moments to the previous ATH.
From a technical indicator analysis and BTC chart analysis (short and macro), it seems as though BTC is very well on it's way to a new ATH.
Remember, support and resistance zones are great to watch for possible long and short opportunities during brief pullbacks!
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BINANCE:BTCUSDT BITSTAMP:BTCUSD
Ride the Bullish Wave! Long BTC and Reap the Rewards 🚀BTC (Bitcoin) has been performing remarkably well lately, staying consistently above the exponential moving average periods within the normal range of the commodity channel index. This is a strong indicator of a bullish trend and an excellent opportunity for you to capitalize on!
It's time to unleash your trading prowess and take advantage of this upward momentum. Here's why you should consider going long on BTC:
1. Strong Technical Indicators: The fact that BTC is consistently staying above the exponential moving average periods is a clear sign that the cryptocurrency is gaining positive traction. This indicates a healthy market sentiment and suggests that a sustained upward trend is likely to continue.
2. Bullish Market Outlook: The normal range of the commodity channel index further confirms the bullish sentiment surrounding BTC. This range indicates a favorable environment for traders to benefit from potential price increases.
3. Potential for Lucrative Returns: By going long on BTC, you position yourself to potentially profit from the cryptocurrency's upward trajectory. As BTC continues to gain popularity and acceptance worldwide, the potential for significant returns on your investment is immense.
Now that you're aware of the promising market conditions, it's time to seize the opportunity and take action. Here's what you can do to ride the bullish wave:
1. Conduct Thorough Research: Before making any trading decisions, ensure you conduct comprehensive research on BTC, its recent performance, and the factors driving its upward trend. This will help you make informed decisions and maximize your chances of success.
2. Establish a Solid Trading Strategy: Develop a well-defined trading strategy that aligns with your risk appetite and financial goals. Consider factors such as entry and exit points, stop-loss levels, and potential profit targets. Having a clear plan in place will help you navigate the market with confidence.
3. Monitor Market Conditions: Stay updated with the latest news and market trends related to BTC. Regularly analyze technical indicators and market sentiment to make informed adjustments to your trading strategy as needed.
4. Stay Disciplined: Emotions can sometimes cloud our judgment, leading to impulsive trading decisions. Remember to stay disciplined and stick to your trading plan. Avoid making hasty decisions based on short-term market fluctuations, and instead focus on the bigger picture.
By adopting a positive mindset and taking advantage of the current market conditions, you're well on your way to potentially reaping significant profits from BTC. So, gear up, embrace the bullish wave, and let your trading journey be filled with joy and success!
If you have any further questions or need assistance along the way, feel free to comment below. I'm here to support you in your trading endeavors.
Swing Trading BitcoinBitcoin has formed an ascending triangle within a rising channel on the hourly charts. The rising channel on its own gives me reason to expect a breakdown to the 61.8% or 50% retracement levels but the presence of the established ascending triangle has made this consolidation interesting. The development of this bullish signal leads me to believe that their is a sliver of hope for another breakout but this will depend entirely on a large influx of trading volume when the alleged breakout occurs.
A false breakout has already taken place on 1 November which makes identifying the ascending triangle that much more difficult to properly recognize. If a low-volume breakout occurs then I believe Bitcoin's value will meet significant resistance at the 100% retracement level -- forming a double top "M" -- and potentially see a shift back to prior retracement levels as suggested in the first paragraph. However, if a high-volume breakout occurs and Bitcoin's value is able to break through the $36,000 USD ceiling, and out of the rising channel altogether, then we could see massive gains as high as the $40,000 level before any significant resistance is met.
As always, traders should be weary of any micro or macroeconomic factors that may come into play as this can both fuel and steal momentum. I am very interested in seeing how this plays out but I am not so optimistic that I would trade without an established stop-loss in place nor insert myself in the trade prematurely.
BITSTAMP:BTCUSD
Celebrating BTC's Remarkable Performance - Time to Long Bitcoin!Over the past few months, Bitcoin (BTC) has proven its mettle by outperforming Ethereum (ETH) by a staggering 20x! Yes, you read that right - an extraordinary twenty times! This remarkable achievement has left the trading community buzzing with excitement and presents an incredible opportunity for those who seek to maximize their gains.
Bitcoin has always been the trailblazer in the world of cryptocurrencies, and this latest feat only solidifies its position as the undisputed leader. Its unrivaled performance has not only captivated seasoned investors but also attracted a new wave of enthusiasts looking to ride the wave of success.
Now, you might be wondering, "What does this mean for me?" Well, my friend, this is the perfect moment to consider long positions on Bitcoin. With its unparalleled growth trajectory, BTC promises to be a lucrative investment opportunity for those who seize it. By going long on Bitcoin, you can potentially amplify your gains and capitalize on its extraordinary performance.
Don't let this incredible chance slip through your fingers! Join the ranks of astute traders who are already reaping the rewards of Bitcoin's unstoppable ascent. Whether you are a seasoned investor or just starting out, now is the time to take advantage of this golden opportunity.
To help you make the most of this exciting development, we have curated a collection of expert insights, market analysis, and educational resources on our platform. Access these resources to deepen your understanding of Bitcoin's potential and refine your trading strategies accordingly.
Remember, success favors the bold, and this is your moment to shine as a trader. Embrace the positive energy surrounding Bitcoin's exceptional performance and let it fuel your determination to achieve new heights in your trading journey.
So, my fellow trader, let's embark on this exhilarating adventure together! Long Bitcoin and set sail toward a brighter, more prosperous future.
Weekly Candles Keep closing above $30,322 ☀️With clean candles to the left for BTC we don't have much holding us back at this point for a 37% increase back to 47K. I can visualize us mirroring the move back to the upside. Last summer we moved down and this summer we may move back up. The Monthly candle for June 23' jsut closed bullish engulfing the April/May Monhtly candles. Market Structure on the Weekly timeframe looks good as it's creating measured moves to the upside.
BITCOIN - Keylevels - 2WBitcoin has been growing nicely for a few weeks, slowly but surely.
It brought 2x for many investors who accumulated in the 15-17k areas, let's not forget that many of them sold Bitcoin in the 35k area, so at the moment the price is standing still and a correction would be welcome to take over new liquidity from 25-28k or even 30-32k areas.
I am neutral at the moment, Bitcoin is capable of many beautiful things and even if we have a rising wedge, it can be invalidated if one day there is great news for the crypto.
LRC performed Descending BroadeningLRC performed Descending Broadening Wedge
A descending broadening wedge is a technical chart pattern often observed in financial markets, particularly in stock trading and forex. It is a type of wedge pattern that indicates a potential trend reversal from a downtrend to an uptrend. Here's a breakdown of the key characteristics of a descending broadening wedge:
1. **Shape:** A descending broadening wedge consists of two converging trendlines. The upper trendline slopes downward, while the lower trendline slopes upward. This creates a wedge-like shape on the price chart.
2. **Diverging Boundaries:** The defining feature of this pattern is that the two trendlines are moving away from each other, making the wedge broader as time progresses.
3. **Sloping Trends:** The upper trendline represents the resistance level and is typically steeper than the lower trendline, which serves as the support level.
4. **Volume:** Volume tends to decrease as the pattern develops. This is a key characteristic, indicating a decrease in trading activity.
5. **Duration:** The pattern usually takes several weeks to form, but the timeframe can vary.
6. **Breakout:** The pattern is considered complete when the price breaks out of the wedge formation. The breakout can be in either direction, although in the case of a descending broadening wedge, a breakout to the upside is more common and is seen as a bullish signal.
7. **Target:** Traders often use the width of the pattern at its widest point to estimate a potential price target once the breakout occurs. This is typically projected in the direction of the breakout. In the case of a descending broadening wedge, the target would be higher prices.
Remember that technical analysis, including the interpretation of chart patterns like the descending broadening wedge, is just one tool used by traders and investors to make decisions. It's important to consider other factors and use risk management techniques when making trading or investment choices. Additionally, not all chart patterns play out as expected, so it's crucial to use these patterns in conjunction with other forms of analysis to make informed decisions.
BTC - LongI like how this looks, a lot. I think 30k comes soon. I believe we just broke out of diagonal resistance and retested it. The performance of btc vs equities has been impressive, i also anticipate the grayscale lawsuit to be a big catalyst over the next week. SEC has until Oct 13th to respond to the lawsuit and its looking good for grayscale imo. If grayscale succeeds it'll be a lead indicator on ETF approval.
XRP - Ripple - WEF backed ProjectFirst major confluence level
$.75 Breakout target / Entry
$.856 Confirmation of breakout Extension
Target 1: $1.20
Target 2: $1.46
Not a huge fan of XRP, but I will concede the sheer amount of government connections the team has is definitely something to look into, its feverish fan base will no doubt pump it to new heights this bull run.
It hasn't died yet and to me that is indicative of the fact it will continue to survive and thirive.
Launched in 2021, the XRP Ledger (XRPL) is an open-source, permissionless and decentralized technology. Benefits of the XRP Ledger include its low-cost ($0.0002 to transact), speed (settling transactions in 3-5 seconds), scalability (1,500 transactions per second) and inherently green attributes (carbon-neutral and energy-efficient). The XRP Ledger also features the first decentralized exchange (DEX) and custom tokenization capabilities built into the protocol. Since 2012, the XRP Ledger has been operating reliably, having closed 70 million ledgers.
Unlike Bitcoin or Ethereum, the XRPL uses a unique Federated Consensus mechanism as its method of validating transactions. Transactions are confirmed on the XRPL through a consensus protocol, in which designated independent servers called validators come to an agreement on the order and outcome of XRP transactions. All servers in the network process each transaction according to the same rules, and any transaction that follows the protocol is confirmed right away. All transactions are public and transparent, and anyone can operate a validator. There are currently over 150 validators on the ledger, operated by universities, exchanges, businesses, and individuals around the world.
Through the Federated Consensus mechanism, all verified transactions can be processed without a single point of failure as no single participant makes a decision independently.
BTC Tests Resistance at $34,800 – Time to Long Our beloved cryptocurrency, Bitcoin (BTC), is currently testing a significant resistance level at $34,800. This is a crucial moment that could potentially pave the way for a powerful bullish rally, and I believe it's time for us to jump on board and seize this opportunity!
The recent price action of BTC has been nothing short of exhilarating, with the cryptocurrency market experiencing a resurgence in interest and activity. Bitcoin has been steadily climbing, breaking through resistance levels and setting new highs along the way. And now, it stands at the precipice of a potentially monumental breakthrough.
Why should you consider longing BTC at this pivotal moment? Here are a few compelling reasons:
1. Breaking Resistance: Bitcoin's ability to test and break through resistance levels is a strong indicator of its bullish momentum. It signifies growing market confidence and a potential upward trend that could lead to substantial gains.
2. Positive Market Sentiment: The cryptocurrency market as a whole is experiencing a renewed wave of optimism and interest. Institutional investors, major corporations, and even governments are starting to recognize the value and potential of cryptocurrencies, particularly Bitcoin. This positive sentiment can drive the price even higher.
3. Technical Analysis: By analyzing various technical indicators, it becomes evident that BTC is currently in a favorable position for long trades. The support levels are solid, and the overall market sentiment is bullish, providing a strong foundation for potential gains.
Now, here comes the call to action: Don't miss out on this exciting opportunity to long Bitcoin and potentially ride the wave of a bullish rally. As traders, we thrive on moments like these, where the market presents us with a chance to make significant profits. By taking action now, you position yourself to benefit from the potential upward surge in Bitcoin's price.
Remember, as with any investment, it's crucial to conduct your own research and make informed decisions. However, the signs are pointing towards a potentially explosive move for Bitcoin, and it's up to us to capitalize on it.
So, let's seize this moment, fellow trader! Long Bitcoin and join the ranks of those who are eagerly riding the bullish wave. Together, we can navigate this exciting market and potentially unlock substantial profits.
If you have any questions, need further analysis, or simply want to discuss this opportunity in more detail, please don't hesitate to comment below. I'm here to support and guide you on this exhilarating journey.
$iris started.. Breakout gonna huge NSE:IRIS Performing Falling wedge in 1D Keep eye on Breakout
Falling Wedge
The falling wedge can either be a reversal or continuation signal.
As a reversal signal, it is formed at a bottom of a downtrend, indicating that an uptrend would come next.
As a continuation signal, it is formed during an uptrend, implying that the upward price action would resume. Unlike the rising wedge, the falling wedge is a bullish chart pattern.
In this example, the falling wedge serves as a reversal signal. After a downtrend, the price made lower highs and lower lows.
Notice how the falling trend line connecting the highs is steeper than the trend line connecting the lows.
If we placed an entry order above that falling trend line connecting the pair’s highs, we would’ve been able to jump in on the strong uptrend and caught some pips!
A good upside target would be the height of the wedge formation.
[LONG] TokenFi's "Token" Cryptocurrency Tokenizing assetsFrom the makers of "Floki" cryptocurrency comes Tokenfi. Tokenizing assets on the blockchain. Currently Floki has a 335 Million dollar market cap. All that money can easily be transferred to Tokenfi's Token and that is what is currently happening. They are using that money to pump Tokenfi.
TokenFi's Token cryptocurrency (TOKEN) is a native token for the TokenFi platform, a crypto and asset tokenization platform that aims to capitalize on the trillion-dollar tokenization industry. TokenFi was launched on October 31, 2023.
TokenFi allows users to launch any cryptocurrency without writing code. Users can then raise funds from the Floki community, connect with exchanges and market makers for liquidity, and float tokens tied to real-world assets that are not deemed securities.
TOKEN is used for a variety of purposes on the TokenFi platform, including:
Paying for fees associated with launching and managing tokens
Staking to earn rewards and participate in governance
Voting on proposals related to the TokenFi platform
Accessing exclusive features and benefits
TOKEN is a relatively new cryptocurrency, but it has already gained some traction in the market. It is currently trading on several major exchanges, including Uniswap and PancakeSwap.
Raised over $500,000 in its initial launch
Staked by users to earn rewards and participate in governance
Used to vote on proposals related to the TokenFi platform
Provided access to exclusive features and benefits for holders
TokenFi's Token cryptocurrency has had a successful launch and is well-positioned to grow in popularity as the tokenization industry continues to develop.
BITCOIN (BTCUSD) Resumes It's Bull Rally Towards 1 Year HighsI am long on Bitcoin and took a buy entry as of earlier this week. BTCUSD has been bullish and on my watchlist for the past several months but due to lots of uncertainty and choppy range bound conditions I stood out until further notice.
The pair rises on its own and I do not control market movement so I only participate when the pattern, context & triggers all align forming the ideal market condition for me to trade and now price action is displaying everything in alignment.
As of an hour ago I just moved my stop loss up to 34069.00 which is less than half my initial risk (0.5R).
I do believe that we will see 40000.00 hit before the year is over and that is my longer term target as long as momentum picks up and continues to show strength in the bull rally northbound.
I will get out at +3R target around 35860.00 if momentum shows signs of slowing.
My current trailing stop is dynamic and will be moved to break even later on in the day if we could see price reach above 37000.00 in the next 4-12 hours.
Updates will be provided below.
The link to my YouTube Technical Breakdown video explaining my exact entry & exit BEFORE this rally took off from Monday is in the link below.
You can actually see I had called this move and am not just predicting in hindsight.
Real-Time trading is what I do.
BTC Market Update: Raging On, but a Pullback May Be SoonWhile Bitcoin continues to showcase its unstoppable bullish momentum, it's important to keep an eye on the weekly Relative Strength Index (RSI) indicator. As you may know, RSI is a widely-used technical analysis tool that helps identify overbought and oversold conditions in an asset.
Currently, the weekly RSI for BTC has reached 70, a level that historically indicates overbought territory. This suggests that while the market sentiment remains overwhelmingly positive, a potential pullback could be on the horizon.
However, don't let this news dampen your enthusiasm! Bitcoin has proven time and again its ability to surprise us with its resilience and ability to defy expectations. This is why I encourage you to consider a long position on BTC, taking advantage of the current market trend.
Nevertheless, it's crucial to exercise caution and be prepared for a potential pullback in the near future. As experienced traders, you understand the importance of timing and risk management. By being aware of the RSI hitting 70, you can plan your trades accordingly and potentially capitalize on any price corrections that may occur.
In conclusion, the Bitcoin market continues to offer tremendous opportunities for profit. By going long on BTC while keeping an eye on the weekly RSI hitting 70, you can position yourself strategically and maximize your gains. Remember, successful trading is all about staying informed and adapting to market conditions!
Wishing you profitable trades and a conservatively happy trading journey!
UPDATE: Bitcoin target still on the way to $36,300On 22 June 2023, we sent out a buy signal on Bitcoin. This was when it broke above the Falling Wedge...
The momentum was strong and so was the promising move.
We got in but hasd NO idea it would be such a long hold.
Unfortunately, the daily interest costs added up and the entry price went higher and higher.
But we held on regardless... The loss was quite large in September, and it seemed like the market was going to break down.
But as patient traders, we held.
Right now it's nicely in the money and I'm still holding. And from my experience anything can change. The market can driop just as much or it can rally to the target.
It still hasn't hit the target, but seeing a new rounding Bottom form - Helps show more confirmation of upside to come.
It's been a long and rough ride but so far very worth it...
$loka in 1D showing strong BUll DEVRelative Strength Index
The Relative Strength Index (RSI) is a momentum indicator that measures how fast and how much the currency pair’s price changes in a specific time period. It provides traders with overbought and oversold market conditions by providing values ranging from 0 to 100.
A bullish divergence can be identified with RSI when the currency pair price makes higher lows, and RSI makes lower lows.
A bearish divergence can be identified with RSI when the currency pair makes higher highs and RSI makes lower highs.